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Photo: Tomohiro Ohsumi/Getty Images

President Trump at the G20 summit today said he'll allow U.S. companies to sell to Chinese tech giant Huawei and won't put new tariffs on China for the "time being."

Why it matters: Trump and President Xi Jinping's G20 meeting is only a "temporary cease-fire" in the U.S.-China trade war, but ratcheting down trade tensions with China removes "an immediate threat looming over the global economy even as a lasting peace remains elusive," Bloomberg reports.

  • Trump said the U.S. will give China "lists" of farm products to buy and China has agreed to resume agricultural purchases, per the Washington Post.

Recap: The U.S. imposed 25% import taxes on $250 billion of Chinese goods — China countered with tariffs on $110 billion in American products, with a focus on agricultural goods, the AP reports.

The bottom line: Saturday's cease-fire could "give negotiators another chance to forge a permanent accord governing the vast flow of goods and services between the two nations," the NYT reports.

Go deeper: Trump suggests farmers will benefit from trade tariffs on China

Go deeper

Simone Biles wins Olympic bronze in individual balance beam final

Photo: Ulrik Pedersen/NurPhoto via Getty Images

U.S. gymnast Simone Biles made her Olympic return on Tuesday, winning bronze in the individual balance beam final.

Why it matters: Biles is now tied with Shannon Miller as the most decorated U.S. Olympic gymnast of all time, with seven total medals.

Biden rebuffs left on Breyer

Breyer at the Supreme Court in April. (Photo: Erin Schaff-Pool/Getty Images)

President Biden and his top aides are rebuffing activists who want the White House to pressure Supreme Court Justice Stephen Breyer to retire, sources with direct knowledge of the situation tell Axios.

Behind the scenes: Both Biden and Chief of Staff Ron Klain believe applying such pressure — publicly or even privately — would politicize and damage the institution of the Supreme Court, the sources said. They're also afraid it could backfire.

Updated 17 mins ago - Sports

The Olympic events to watch today

5 events to watch today...
  • Men’s soccer: Japan takes on Spain in the semifinals at 7 a.m. ET on NBC Sports.
  • 🏐 Women’s beach volleyball: Canada plays Australia in the quarterfinals at 9 a.m. ET on NBC Sports.
  • 🏌️‍♀️ Women’s golf: Round one of individual stroke play starts at 6:30 p.m. ET on the Golf Channel.
  • 🤸 Women’s gymnastics: Watch the replay of Simone Biles and Suni Lee's performances in the individual balance beam final starting at 10:45 p.m. ET on NBC.
  • 🛹 Women’s skateboarding: The women's skateboarding park competition kicks off at 8 p.m. ET on CNBC.